Exports up for 15th straight month in December

Taipei-Taiwan's exports grew year-on-year for the 15th consecutive month in December on the back of solid global demand at a time when the world economy is on the path to recovery, the Ministry of Finance (MOF) said Monday.

A strong showing in December helped Taiwan report exports that saw a return to the US$300 billion mark for 2017 from US$280.4 billion a year earlier, data compiled by the MOF showed.

In December, Taiwan's outbound sales were the highest monthly total ever at US$29.51 billion, up 14.8 percent from a year earlier and 2.2 percent from the previous month, the data indicated. December was the second straight month the country's exports grew at double-digit pace.

Imports for December gained 12.2 percent from a year earlier and rose 2.0 percent from the previous month to US$23.38 billion, representing a trade surplus of US$6.13 billion, up US$1.28 billion from a year earlier, the data showed.

In 2017, Taiwan's exports totaled US$317.39 billion, up 13.2 percent from a year earlier, and imports hit US$259.51 billion, up 12.6 percent from a year earlier, indicating a trade surplus of US$57.88 billion, up US$8.13 billion year-on-year, according to the MOF.

Export growth in 2017 was the highest since 2010, when a year-on-year increase of 35.2 percent was recorded, the ministry said.

Source: Focus Taiwan News Channel